MONTREAL, Sept. 9, 2015 /CNW Telbec/ - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSXV: PYR)(OTCQB: PYRNF), a TSX Venture 50® clean-tech company (the "Company" or "PyroGenesis") that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, announced today that the Company's common shares (the "Shares") will begin trading on the OTCQB, a U.S. based stock exchange, under the symbol "PYRNF" effective today. The Company's Shares will continue to be traded on the Toronto Venture Exchange under its existing symbol "PYR".
On July 27th of this year, the Company announced that it had commenced the application process for a U.S. listing on the OTCQB, and expected to be listed in the fall of 2015. The Company received such approval yesterday from the OTC Markets Group.
"PyroGenesis' longstanding relationship with the US Navy, US Air Force, and Special Operations Groups, as well as its recent success within the Additive Manufacturing Sector has created an increased interest in PyroGenesis' stock with U.S. investors," said Sophy Cesar, Vice President, Investor Relations and Corporate Communications. "Trading on the OTCQB will allow U.S. investors' easier access to PyroGenesis shares, real time quotes, as well as to access financial disclosures and reports on the Company's stock activity at www.otcmarkets.com."
In connection with the Company's approval to trade its Shares on the OTCQB, PyroGenesis has also received "Blue Sky Manual Exemption" in 39 states through a listing in Mergent Manuals and News Reports™ which is a recognized securities manual in 39 states for purposes of Blue Sky Manual Exemption. This "Blue Sky" exemption not only allows PyroGenesis to market themselves directly to retail brokers in these states, but also allows these same retail brokers to solicit their clients with respect to PyroGenesis Shares.
"PyroGenesis' Blue Sky Exemption, combined with a listing on the OTCQB, are meant to work hand in hand to increase both U.S. investor interest in PyroGenesis as well as giving these same investors easier access to the Company's Shares. As a result, this will help the U.S. brokerage community develop a market for the Company's stock" said P. Peter Pascali, President & CEO of PyroGenesis. "As our business continues to expand, trading in the U.S. is a natural next step for the Company's corporate growth, allowing for greater visibility with U.S. investors and increasing the Company's opportunities in global capital markets; all of which are in line with the Company's strategic objective to gain access to a broader investment community, strengthen its financing flexibility, and provide greater liquidity for its shareholders."
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a TSX Venture 50® clean-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2008 certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). For more information, please visit www.pyrogenesis.com
This press release contains certain forward-looking statements, including, without limitation, statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar expressions which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements reflect the Company's current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company's ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release.
SOURCE PyroGenesis Canada Inc.
For further information: P. Peter Pascali, Chief Executive Officer, Phone: (514) 937-0002, E-mail: [email protected]